{"id":140958,"date":"2023-02-10T08:11:42","date_gmt":"2023-02-10T13:11:42","guid":{"rendered":"https:\/\/44.250.171.167\/?p=140958"},"modified":"2023-02-10T08:11:44","modified_gmt":"2023-02-10T13:11:44","slug":"deepak-nitrite-limited-q3-fy23-earnings-conference-call-insights","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/deepak-nitrite-limited-q3-fy23-earnings-conference-call-insights\/","title":{"rendered":"Deepak Nitrite Limited Q3 FY23 Earnings Conference Call Insights"},"content":{"rendered":"<p><strong>Key highlights from Deepak Nitrite Limited (<a href=\"https:\/\/44.250.171.167\/symbol\/DEEPAKNTR\/\">DEEPAKNTR<\/a>) Q3 FY23 Earnings Concall<\/strong><\/p>\n<p><strong>Q&amp;A Highlights:<\/strong><\/p>\n<ul>\n<li>[00:17:26] Nirav Jimudia from Anvil Research asked about the rationale behind backward integration in fluorination space. Maulik Mehta CEO said that the capacities DEEPAKNTR is developing will cover all of its current and future requirements, and there will be plenty of supply for the company even with the increased demand.<\/li>\n<\/ul>\n<ul>\n<li>[00:25:24] Nirav Jimudia from Anvil Research asked about rationale behind infusing about $15 million to put up a sodium nitrate plant in Oman. Maulik Mehta CEO answered that the new facility in Oman will be of reasonable size compared to the plant in India but it will have the capacity to ramp up production quickly and will have the infrastructure to expand production further in Phase 2 and 3. The target is to get the project started within two years.<\/li>\n<\/ul>\n<ul>\n<li>[00:35:11] Vivek Rajamani from Morgan Stanley enquired about any change in trends in terms of end segment demand. Maulik Mehta CEO said that DEEPAKNTR is seeing a slightly higher level of optimism vs. 2Q. Customers are discussing longer-term outlooks and being more willing to buy larger volumes, run their plants at higher capacities, and hold onto more raw material stocks. However, caution is still advised as the global recovery is still uncertain.<\/li>\n<\/ul>\n<ul>\n<li>[00:37:58] Naushad Chaudhary at Aditya Birla asked about power cost outlook for the next 2-3 quarters. Maulik Mehta CEO said as the production and throughput of a phenolics plant increases, the associated power and fuel costs remain fairly consistent. However, due to fluctuations in coal and natural gas prices, these costs can vary over time. In recent weeks, coal and gas prices have improved, but their stability remains uncertain.<\/li>\n<\/ul>\n<ul>\n<li>[00:44:10] Chintan Modi from Haitong Securities enquired about the new investment of about INR1,000 crores and a part of which would go to polycarbonate compounding business. Maulik Mehta CEO said the compounding facility will be a world-scale facility that can make small and large batch orders to meet India&#8217;s fast-growing demand for compounds with certain properties. It will engage with key partners and start building relationships, applying and having products approved at their end. It will also manufacture polycarbonate and its upstream all the way to phenol, supplying to the compounding facility itself, and potentially selling into the market.<\/li>\n<\/ul>\n<ul>\n<li>[00:46:50] Chintan Modi from Haitong asked that once the company is done with backward integration projects what level of self-sufficiency would be achieved in advanced intermediates. Maulik Mehta CEO answered that the EBITDA percentage should improve by at least 2%, with the potential for more as production and debottlenecking increase, which will be margin accretive.<\/li>\n<\/ul>\n<ul>\n<li>[00:55:54] Meet Vora from Axis Capital asked to quantify the debottlenecking exercise the company is doing on phenol and acetone plant. Sanjay Upadhyay Group CFO replied that DEEPAKNTR will add around 50,000 tons and touch above 3000,000.<\/li>\n<\/ul>\n<ul>\n<li>[00:56:36] Manish Jain from MoneyLife Advisory asked if the company is witnessing moderation in prices, mainly for nitric acid, ammonia and caustic soda. Maulik Mehta CEO said prices are currently at an elevated level compared to last year, and while we may find some small pockets of opportunity, the prices are unlikely to reach the levels seen last year due to a lack of contractual agreements.<\/li>\n<\/ul>\n<ul>\n<li>[00:58:21] Manish Jain from MoneyLife Advisory enquired how the company is looking to strengthen its employee base in the medium term for the upcoming projects. Maulik Mehta CEO said he won&#8217;t go into numbers, but there will be significant additions. DEEPAKNTR said it recruits at the right time, not too early.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Key highlights from Deepak Nitrite Limited (DEEPAKNTR) Q3 FY23 Earnings Concall Q&amp;A Highlights: [00:17:26] Nirav Jimudia from Anvil Research asked about the rationale behind backward integration in fluorination space. Maulik Mehta CEO said that the capacities DEEPAKNTR is developing will cover all of its current and future requirements, and there will be plenty of supply [&hellip;]<\/p>\n","protected":false},"author":1767,"featured_media":125416,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"Deepak Nitrite Limited Q3 FY23 Earnings Conference Call Insights #DEEPAKNTR #Q3 #FY23 #Earnings #Stocks","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[9825,392,5753],"tags":[10169,9019],"class_list":["post-140958","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-earnings-call-highlights","category-earnings","category-industrials","tag-earnings","tag-specialty-chemicals"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":136562,"url":"https:\/\/alphastreet.com\/india\/deepak-nitrite-limited-q2-fy23-earnings-conference-call-insights\/","url_meta":{"origin":140958,"position":0},"title":"Deepak Nitrite Limited Q2 FY23 Earnings Conference Call Insights","author":"Praveen","date":"November 11, 2022","format":false,"excerpt":"Key highlights from Deepak Nitrite Limited (DEEPAKNTR) Q2 FY23 Earnings Concall Q&A Highlights: [00:18:03] Nirav Jimudia from Anvil Research asked that based on the greenfield and brownfield expansions announced, what number of years would it take for sales doubling. Maulik Mehta CEO replied that same trajectory of revenue growth may\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":132941,"url":"https:\/\/alphastreet.com\/india\/deepak-nitrite-limited-q1-fy23-earnings-conference-call-insights\/","url_meta":{"origin":140958,"position":1},"title":"Deepak Nitrite Limited Q1 FY23 Earnings Conference Call Insights","author":"Praveen","date":"August 11, 2022","format":false,"excerpt":"https:\/\/youtu.be\/krErJUJ_nho Key highlights from Deepak Nitrite Limited (DEEPAKNTR) Q1 FY23 Earnings Concall Management Update: DEEPAKNTR said that the company is increasing its capacity for in-house waste treatment and is expected to result in a decrease in its footprint. The company added that this would be increasing its ability to backward\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":128931,"url":"https:\/\/alphastreet.com\/india\/deepak-nitrite-limited-q4-fy22-earnings-conference-call-insights\/","url_meta":{"origin":140958,"position":2},"title":"Deepak Nitrite Limited Q4 FY22 Earnings Conference Call Insights","author":"Praveen","date":"May 6, 2022","format":false,"excerpt":"https:\/\/youtu.be\/TAB6P1oK1Z8 Key highlights from Deepak Nitrite Limited (DEEPAKNTR) Q4 FY22 Earnings Concall Q&A Highlights: Naresh Vaswani of Sameeksha Capital asked about the capex of INR1,500 crores, the revenue expected to be generated out of this and the timeline. Maulik Mehta ED replied that capex is spanning across products that are\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":141057,"url":"https:\/\/alphastreet.com\/india\/deepak-nitrite-limited-deepakntr-q3-fy23-earnings-concall-transcript\/","url_meta":{"origin":140958,"position":3},"title":"Deepak Nitrite Limited (DEEPAKNTR) Q3 FY23 Earnings Concall Transcript","author":"IRS_INDIA","date":"February 12, 2023","format":false,"excerpt":"Deepak Nitrite Limited (NSE:DEEPAKNTR) Q3 FY23 Earnings Concall dated Feb. 09, 2023. Corporate Participants: Ranjit Cirumalla\u00a0--\u00a0Vice President Maulik Mehta\u00a0--\u00a0Executive Director & CEO Sanjay Upadhyay\u00a0--\u00a0Director Finance and Group CFO Analysts: Nirav Jimudia\u00a0--\u00a0Anvil Research -- Analyst Vivek Rajamani\u00a0--\u00a0Morgan Stanley -- Analyst Naushad Chaudhary\u00a0--\u00a0Aditya Birla -- Analyst Chintan Modi\u00a0--\u00a0Haitong Securities -- Analyst Meet\u2026","rel":"","context":"In &quot;Earnings Call Transcripts&quot;","block_context":{"text":"Earnings Call Transcripts","link":"https:\/\/alphastreet.com\/india\/category\/transcripts\/"},"img":{"alt_text":"Earnings Conference Call Transcript","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":126858,"url":"https:\/\/alphastreet.com\/india\/deepak-nitrite-limited-q3-fy22-earnings-conference-call-insights\/","url_meta":{"origin":140958,"position":4},"title":"Deepak Nitrite Limited Q3 FY22 Earnings Conference Call Insights","author":"Praveen","date":"January 28, 2022","format":false,"excerpt":"https:\/\/www.youtube.com\/watch?v=yzKyTRXFzjo Key highlights from Deepak Nitrite Limited (DEEPAKNTR) Q3 FY22 Earnings Concall Management Update: The company reported that it achieved its highest ever quarterly topline performance, both on a standalone and a consolidated basis. Overall, DEEPAKNTR expects demand to continue to stay robust. \u00a0Q&A Highlights: Chintan Modi from Haitong Securities\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":146057,"url":"https:\/\/alphastreet.com\/india\/deepak-nitrite-limited-deepakntr-q4-fy23-earnings-concall-transcript\/","url_meta":{"origin":140958,"position":5},"title":"Deepak Nitrite Limited (DEEPAKNTR) Q4 FY23 Earnings Concall Transcript","author":"IRS_INDIA","date":"May 15, 2023","format":false,"excerpt":"Deepak Nitrite Limited (NSE:DEEPAKNTR) Q4 FY23 Earnings Concall dated May. 12, 2023. Corporate Participants: Maulik Mehta\u00a0--\u00a0Chief Executive Officer Sanjay Upadhyay\u00a0--\u00a0Director - Finance & Group CFO Analysts: Akul Broachwala\u00a0--\u00a0Analyst Nirav Jimudia\u00a0--\u00a0Anvil Research -- Analyst Vivek Rajamani\u00a0--\u00a0Morgan Stanley -- Analyst Rohit Nagraj\u00a0--\u00a0Centrum Broking -- Analyst Chetan Thacker\u00a0--\u00a0ASK Investment Managers -- Analyst Abhijit\u2026","rel":"","context":"In &quot;Earnings Call Transcripts&quot;","block_context":{"text":"Earnings Call Transcripts","link":"https:\/\/alphastreet.com\/india\/category\/transcripts\/"},"img":{"alt_text":"Earnings Conference Call Transcript","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/140958","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/users\/1767"}],"replies":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/comments?post=140958"}],"version-history":[{"count":0,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/140958\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media\/125416"}],"wp:attachment":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media?parent=140958"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/categories?post=140958"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/tags?post=140958"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}